403 Park LnNorthfieldNJ08225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Northfield at 403 Park Ln, Northfield, NJ, 08225 priced at $424,900 pairs $2,680/mo rent with after a $2,080/mo payment. Total monthly income equals $2,680/mo. Return on cash invested is 16.94% in year one, and rental yield stands at 7.57% on a $424,900 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,392 by year five. Five-year ROI measures 88.16% and total cumulative return in cash reaches $124,173. For financing, Ziffy Mortgage’s DSCR program evaluates $2,680/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08225, Northfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,739 (76.4%) |
| Renter Occupied HU | 505 (14.1%) |
| Vacant Housing Units | 341 ( 9.5%) |
| Median Home Value | $381,876 |
| Average Home Value | $443,246 |
Housing Distribution
Address Breakdown
Residential
3,416
Single Family
3,416
Multi-Family
0
Businesses
561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: NEIL AMIN • KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Mls Name: SJSRMLS
Mls ID: #602921